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was more political than she was going to let on and political tension. in fighting in the obama white house which reports widely in the early days, the history was valuable because of the attention is on president obama being the last president because his black ancestors came from elsewhere there were no slaves in his family. michele obama had slaves and white ancestors, great american complexity in how we induce race to black-and-white but it really isn't. >> just to quickly mentioned david maraniss's "barack obama: the story," booktv travel to kenya with him, we did a lot of taking over there so you can see all of that and the special we did, booktv.org, use the search function on the upper left-hand corner, type in his name and you can watch that footage, it was quite a trip to kenya to see some of that background. >> one of the great parts of his reporting was the constructed obama's early memoir face of our fathers -- "dreams of my father". john mccain -- [talking over each other] >> i had a fathers part right which he loaded in 95 or so. he reported some of the events and we learned
and her role in the obama white house. i met rachel at an event this year where i bought a book, the book she wrote, "american tapestry: the story of the black, white, and multiracial ancestors of michelle obama". after hearing her talk, i'd bought six more copies. i bought them for all my family members and to give out as christmas gifts. now after having read her book i can tell you it was a good investment. it helps me better understand my own family and many mysteries surrounding my own family. rachel l. swams's book is a compelling story that stirs deep emotions. it is also a story that would break them here and with that, let's welcome rachel l. swams. [applause] >> thank you. thank you. >> thank you for coming. in the years leading up to the presidential election, the focus seems to be on barack obama's roots and his family and the fact that he wrote his own biography. now in your book "american tapestry," you put the focus on michele obama. tell us about how you got started doing that and what inspired you. >> i was writing about the first lady and the first family for the new yor
avenue. >>> and ask mrs. obama. first graders with a very special connection to the white house tree ask their questions of the first lady. >> do they give each other presents? >>> from the global resources of abc news, with terry moran, cynthia mcfadden, and bill weir in new york city, this is "nightline," december 26th, 2012. >>> good evening, i'm terry moran. for a holiday, this has been a busy time in washington. as the negotiations surrounding that looming fiscal cliff come to a fever pitch just before the new year. but this is also a time of tradition and celebration in the nation's capital, and nobody decks the halls like the team at the white house for christmas. christmas is there, has come to mean a special visit every year, not just from santa claus, but from abc's own barbara walters. barbara? >> terry, in what has become one of my favorite holiday traditions for the fourth year, i had the privilege of interviewing the president and mrs. obama at the white house. this interview was taped days before the tragic shooting in connecticut and was postponed until now. it was the fi
and mrs. obama at the white house. this interview was taped days before the tragic shooting in connecticut and was postponed until now. it was the first time the couple sat down together since winning re-election. mrs. obama also took me on a personal tour of what is called the people's house. and it's never more true than during the christmas season. after thanksgiving, more than 80 volunteers from nearly 40 states descend on the white house, trimming 54 trees, plus every nook and cranny. first dog bo is the star of the show. there he is inspecting the decorations, including this larger than life model of himself, made of 20,000 pompoms. my friend. >> yes, bo. he's really big in relation to this house. >> this 300-pound ginger bread white house was the first stop on my exclusive behind-the-scenes tour with first lady michelle obama. these are various rooms in the actual white house. >> absolutely. and the details in these rooms are just beyond this year. >> why peer into these windows when i can see the real thing? >> come on, bo. >> does he follow you around all day? next stop, the red r
remarkable developments. all along we thought it would be between the obama white house and house speaker john boehner and there was a logic behind that. because getting legislation out of the house is the trickier part of crafting any type of deal. but with the house saying look, we need the senate to do something, the last ditch effort is occurring in the senate right now. i spoke to staffers close to senator mcconnell that said there was optimism on their side yesterday, including from their boss, senator minority leader mitch mcconnell to get a deal. of course, any kind of word in reading from the members themselves will not come until tomorrow, but it's both chris and luke that said in the segment before mine, there is a sense that what might have been optimism yesterday does not exist today. of course, that is what always goes on when you have negotiations. we will see what happens tomorrow. tomorrow will be a very big day. >> the optimism seems to be waning. what does john boehner do if mitch mcconnell and harry reed come to an agreement? >> that is the question if something is don
," family life inside the obama white house. the inside scoop you're only going to get from a barbara walters exclusive. >>> cracking down on moving companies that want to take you for a ride. we'll show you how customers are taking action. you're watching "world news now." ♪ you know why we were showing footage of the white house. president obama is heading back to the white house, cutting his hawaiian vacation short to be in washington where priority number one is avoiding the fiscal cliff. >> unless mr. obama and congress can reach a new deal by the new year, deep spending cuts will be taking effect. and while the president takes his flight back here to d.c., the first lady and their daughters are staying in hawaii. >> the first couple sat down with our very own barbara walters before their vacation. we pick up their conversation with talk about their family. >> i want to talk a bit about the girls. we've been watching them grow up from little girls to young ladies. malia recently got her first cell phone. do you monitor it and see who she calls or who she texts? >> i give my dau
in the news media repeated this white house talking point. >> president obama cutting short his vacation in hawaii, heading back now to washington. that will happen tonight to work on the fiscal cliff deal. >> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. >> president obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the delaware on a bitter christmas night 1776 before going on to defeat the british in two major battles, that's sacrifice. i, for one, never understood how in good conscious any of these politicians would think about leaving town with so much riding on this cliff hanger? shouldn't they get their work done before they leave town for a break? that's what's expected for most working americans but then again washington politicians have rules of their own. people whose salaries
in the obama white house was these are republicans. on foreign policy, he's been way to the left of president obama. >>> former nebraska senator chuck hagel has been leaked not nominated leaked as a potential nominee for secretary of defense, and there was already a massive counter offensive against him. it does have more substance to it, than the attacks against susan rice. a fair amount of that substance consists of insinuations. the sides are forming, there's the chuck hagel defense corps and the club of very tree ole and assault. what is not happening is sitting back and asking the simple question, would this person make a better defense secretary than the alternatives who are the other people up for the job. would one of them be better? the front-runners for secretary of defense are chuck hagel. there's also michelle florinoid, who is well qualified. also in the running is ashton carter, the current deputy defense secretary. now, defense isn't my issue, but i'd like to know, which of these people would do the best job. we keep skipping the interview process, going right to the smearing p
with president obama at the white house. among the leaders, republican house speaker john boehner and senate minority leader mitch mcconnell. harry reid and nancy pelosi were there. steve chenevey live on capitol hill right now. >> that meeting at the white house lasted just a little more than an hour. they started at 3:10 and were done by 4:15. no major decisions were made. president, reportedly telling congressional leadership, if you do not have a better plan than i do by now, we need to get to voting on my plan. the clock is still ticking in advance of monday night's deadline. frustration being felt not just inside the capitol, but i constituents outside as well. >> i am a little worried about the future as well, for my kids mostly. >> it is a popular thought outside the capital. >> there is an understandable frustration. >> chris van hull and is hopeful a deal can be reached by tuesday, although it will likely be a smaller deal that addresses only the major parts of the fiscal cliff from taking effect. >> we have got to get on a larger agreement, to make sure we sustained a very fragile
the debt ceiling, they think they can some other things they can attack 37. >> sam, is the obama white house this good? is this divide and conquer? >> well, first of all, no, they're not that good. and, you know, it's ironic because had boehner taken that last offer that obama gave him, one that would have changed the benefit structure for social security, it would have ended up fracturing the democratic base in some respects. a lot of progressives were upset the white house was even going there. they thought he didn't need to make that concession. a lot of this is the house republicans' own fault they're in in corner. they could have taken a deal, could have take an deal in the summer of 2011 which would have been more favorable to them. they didn't do either. >> if obama is coming out and from what we're hearing he's not making a real offer. he's coming out with $250,000 staying with what he had before christmas. he's playing hardball. if he came out and was talking about a $40,000 tlshg hold, we could say these parties may be close to promise but i don't see that right now. >> we're
increase since toward war 2 president obama called congressional leaders to the white house for one last desperate shot at a -- world war ii, president obama called congressional leaders to the white house for one last desperate shot at a deal. some republicans believe the meeting with the president is really just for show. >> when the president calls congressional leaders to the white house, it's all political theater or they've got a deal. >> reporter: democrats insist the president tried for weeks to get an agreement on plan a, a $4 trillion debt deal, and after the failure of speaker john boehner's plan b mr. obama has taken the initiative to bring plan c to the meeting today. >> this is not for show. this is a last ditch effort by the president to bring the congressional leaders together to try and get at least a small package, small deal together, before the new year to avoid some of the tax parts of the fiscal cliff and to deal with some of the unexcept issues. >> reporter: that package first unveiled by the president last friday before left for hawaii is a slimmed down bill tha
candidate since ronald reagan in 1994 beating obama among white voters. by 14 points among white women. five points among independents. he won all the groups by more than george w. bush did in 2004. but he lost the election by a wider margin than john kerry. why? because the composition of the electorate changed. as the obama campaign predicted more than a year ago, the white portion dropped from 2008 to 72% in 2012. the president carried nearly eight in ten nonwhite voters including astounding 71% of latinos, 73% of the asian voters and 93% of black voters. remains a real question why the democratic nominee can hold the obama coalition together but the republican party is right to be reexamining the relationship with minorities. finally, lesson four, don't ignore the data. the polls matter and more are right than wrong. though public polling consistently showed the president ahead, the romney campaign sin veerly believed that romney would win. why? they assumed it would be wider and older than it was. the enthusiasm numbers favored them but they didn't have enough voters. many republicans b
we talk about white people than even the white vote. jews voted 70% 4 barack obama. most jews are white. young white women basically slightly favored the president. college-educated white women favored the president. there's also sad to say real geographic split. if you take the south and disaggregate the south, not talking about florida. [laughter] >> you guys did a great. if you disaggregate the south, white people don't look so bad. barack obama probably won't up getting thirty million white votes, something like that. the notion that we would allow ourselves as liberal advocates to lump a group of people together in that way is self-destructive as well as not very nice. i came to feel more i work on these issues that particularly white liberals like me, i used to be one of them, are really -- get a lot of self-esteem from thinking we are the good ones. those uneducated white people are the problem. when in fact it is a problem of class. the positive note i will end on is really president obama wound up not needing a fire wall. he won big. but he had a fire wall in ohio and
a deal, president obama mmets t the white house with senate majority leader harry reid,, pelosi, senate minority leader miich mcconnell and houue &psppaker john bbehner. they have only our days to reach an agreement... or the u-s economy will go over thee so-called "fiscal cllff." that's when automattc tax increasse and ssendinngcuts would take effect. reaching a deal beeooe then on't be easy. becauseeright now, both high-stakes political blame game. we are here in washingtonnworking while the members of the house of reeresentatives are out watching movies and watching the kids play soccerrand bbsketball and doing all kinds oo things. they should be here. i told the prreident i'd beehappy to look at whateeer he proposes but the truth is we're coming up against a hardd &pthis is a conversation we &pbbsh-era tax cuts to everyonne except those americans making year. many republicans rrmain - against any tax incceases. most americans just wann sommthing to be done. ppople are just tired of everyone to come together. if lawmmkers don't reach a deal by jaauary 1st, many econnnmists are on
on a special edition of "nightline" a white house christmas. president barack obama and first lady michelle obama sit down with our own barbara walters for their first interview together since the election. >>> tonight's former president george hw bush was in a hospital in intensive care. he is fighting in an elevated fever. he was in hospital with complications from a bout of bronchitis. doctors said they expected the former president would only spend a few days in the hospital and be home for christmas, but his condition worsened with a spike in his fever and he is now in guarded condition in the intensive care unit. >>> a powerful winter storm that lashed the midwest and south is moving to the northeast. in boston the high winds are actually blowing the snow sideways. forecasters, however, say the snow will be gone tomorrow. across the midwest, blizzard warnings are in affect for eight states. the snow, sleet and the rain across the highways have contributed to six deaths. and just driving itself is a real hassle. >> we were trying to get out. >> yes, we were trying to get out of the par
: top congressional leaders met with president obama at the white house, trying to avoid the automatic tax hikes and spending cuts set to kick in january 1st. the president called the meeting constructive, but reminded lawmakers there's not much time left. >> we're now at the point where in just four days every americans' tax rates are scheduled to go up by law. >>reporter: senators harry reid and mitch mcconnell returned to the senate floor, pledging to work through the weekend. >> we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation. >> we're going to do the best we can for the congresses we have and for the country that's waiting for us to make a decision. >>reporter: democratic and republican leaders have agreed to extend jobless benefits and some tax increases, but the income threshold is not yet clear. the president and senate leaders are expressing optimism that they'll get the job done, but the president has a backup plan just in case. >> if an agreement isn't reac
the looming deadline. >> reporter: congressional leaders met with president obama at the white house, trying to avoid the automatic tax hikes and spending cuts set to kick in january 1. the president reminded lawmakers there's not much time left. >> we're now at the point where, in just four days, every american's tax rates are scheduled to go up by law. >> reporter: senators harry reid and mitch mcconnell returned to the senate floor, pledging to work through the weekend. >> we are engaged in discussions, the majority leader and myself and the white house, in hopes that we can come forward as early as sunday and have a recommendation. >> we're gonna do the best we can for the caucuses we have and the country that's waiting for us to make a decision. >> reporter: democratic and republican leaders have agreed to extend jobless benefits and some tax increases. but the income threshold is not yet clear. the president and senate leaders are expressing optimism that they'll get the job done. but the president has a backup plan just in case. >> if an agreement isn't reached in time, between senat
with president obama at the white house friday. this would be the group's first face-to-face meeting since november 16, and a last-minute chance to avoid the so-called fiscal cliff. if no deal is reached, taxes will go up for nearly every american. senators reconvened thursday with tensions spilling over onto the floor. each side accused the other of stalling. >> speaker boehner is unwilling to negotiate. we've not heard a word from mcconnell. nothing is happening. >> the phone never rang. and so now here we are, five days from the new year. and we might finally start talking. >> reporter: senate majority leader harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker's no. 1 goal is to get elected speaker on january 3. >> reporter: the two sides are at odds over tax cuts and spending. republicans say it's up to the democratically controlled senate and white house to reach an agreement. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we
in style. he was aboard air force one as president obama returned to the white house. what a welcome. he will serve in the senate until the election is held in 2014. and the president is returning to washington as the treasury secretary warns the country is not in a good place when it comes to the national debt. timothy geithner says the government may hit its $16.4 trillion borrowing limit on monday. the president will hear about the fiscal cliff problem as well as members of congress return to washington to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting measures basically a fancy way of saying they're going to try to free up some cash to hold off, temporarily, this fiscal cliff. but it's still not looking good. >> i don't know about you at home, but kicking the can down the road, this has been happening over and over again. somebody has to make
amateur". he looks critically at president obama before and after he reached the white house. here is what he had to say. >> the book currently on your screen has spent several weeks on the new york times best-seller list, many weeks at number one. "the amateur" has been written by edward klein who is our guest, booktv on c-span2. where did you get a title for this book? >> guest: it came from a meeting bill clinton had in chapel:00, new york, north of new york city where he has a home. this was back in august of 2011. his wife, his daughter and a bunch of friends to meet with him because he had news. he had done a secret poll in 2011 and polls showed if hillary clinton would challenge barack obama for the democratic presidential nomination in 2012, he thought she could win. she was surprised by all this. she said what can i do? secretary of state, i have lunch with the man every thursday. what about loyalty? he said there is no such word as loyalty in politics. he went on to say the people around obama did not understand how the real world works, that they had been responsible for losing
. >> reporter: top congressional leaders are expected to meet with president obama at the white house friday. this would be the group's first face to face meeting since november 16th and a last minute chance to avoid the so-called fiscal cliff. if no deal is reached taxes will go up for nearly every american and harsh spending cuts will kick in on january 1st. senators reconvened on thursday with tension spilling over on to the floor. >> speaker boehner is unwilling to negotiate. there's nothing happening. >> the phone never rang and so now here we are five days from the new year and we might finally start talking. >> reporter: senate majority lyddite harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker's number one goal is to get elected speaker on january 3rd. >> reporter: the two sides are at odds over tax cuts and spending. republicans say it's up to the democraticly controlled stat and white house to reach an agreement. >> republicans aren't about to write a blank check or anything senate
with president barack obama at the white house this afternoon where they heard that if two sides do not agree on a bill the president will urge the democratic senate to put forth a measure anyway. american people will not have any patients for a politically self-inflicted wound to the economy. the economy is growing but sustaining that trend is gong to require a elected officials to do their jobs. mitch mcconnell and his democratic counterpart harry reid are supposed to keep talking tomorrow there could be a breakthrough by the end of this weekend but the president has repeatedly demanded for the extension of tax cuts below $250,000. illinois comptroller judy thinks that the impact on illinois could be as high as $1 billion if lawmakers don't strike a deal before the deadline. social security and income tax increases would lower the state's revenue by up to 5 billion. this is all coming down the pipe because we have yahoos in congress who can't sit down and to do the job. pessimism helped push stocks down friday for a fifth straight day the industrial average dropped 158 points. paul lisnek s
. >> president obama will meet with congressional leaders later today at the white house. it may be too late for deal. does the four days left before the deadline. >> i have to be honest, mr. president, iti don't know how it can happen now, why. >> the senate majority leader last out at john boehner, accusing him of running a dictatorship. >> he seemed to care more about keeping his speakership than keeping the nation on sound financial footing. >> republican leaders blamed the democrats and say there are limits to a compromise. >> republicans should not have to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. that would not be fair to the american people. >> president obama flew home early from his vacation yesterday. speaker braoehner call the house back into town. but they understand their actions may not be enough to appease the american people. >> the american people have a right to be very upset with this congress. >> the treasury department would have trouble paying its bills. many economists worry the financial tro
years old. >>> and president obama meeting with congressional liters this afternoon at the white house to try to cut a deal to avoid the so-called fiscal cliff. in ten days across h board-spends cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. >> they have to have their milk. we might have to cut elsewhere. >> reporter: back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new price of milk will with far above what it now costs dairy farmers to produce it. >> it really will be chaos. >> reporter: so we would go back to this old farm bill which would force the government to buy milk at an extremely high price. >> that's right. >> reporter: this could be a windfall for dairy farmers. >> here's the problem. they don't want chao
: president obama summoned congressional leaders to the white house today hoping for a deal to avoid the fiscal cliff. the power brokers have four days before the government starts slashing military and domestic spending. president obama is pushing for a stop gap measure that with avoid faxes on people earning less than $25,000. on capitol hill frustration is growing. both republicans and democrats sound look they have given up. outside the capitol democrats hauled out a times square ball prop with the emergency, don't drop the ball. >> the republicans refuse to ask those with the most in our society to give a little bit more. >> reporter: a simple stop gap measure is not what many in washington had hoped for. republicans blame president obama for the collapse of a bigger deal that would have cut spending and reduced the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together but it's a total dereliction of duty and a lack of courage to deal with the issues. >> it rests in the hands of the senate. >>> president obama is scheduled to give
president obama and top congressional leaders met at the white house this afternoon to work on that deal. >>> there is outrage today over a new bill signed into law by russian president vladimir putin. it bans americans from adopting russian children. the law is considered retaliation for new u.s. legislation that put sanctions on russian human rights violators. >>> right now police have three people in custody after allegedly stealing a car, then crashing into a mel rho bus sgro loe 'get another check of the storm, and the weekend, bring out extra blank either. >> maybe an extra blank et or two that will be about it. i do think some of us maybe using our snow shovels a bit to the north and west, but most of the area we won't see a big storm. this is not a big one. >>> this includes washington, but all of southern maryland, you are south and east of i-95, mostly a rain event, not worried about snow accumulation for you. getting its act together now, but most areas will start as snow. i'll show you when in just a minute. >>> doug, thank you. a blustery morning in newtown, connecticut toda
the four congressional leaders at the white house. called by president obama, house speaker john boehner is a key figure. >> the fact that he has come back to me says that they cannot come up with some kind of agreement. -- that they can come up with an agreement. >> both sides want to avoid middle-class tax cuts. the hang up is the tax hikes on the rich. those making over $250,000 in the obama reposal or $400,000, a level that mitch mcconnell reportedly said he might be able to sel? republicans won the debate shifted. >> the talk about taxes, but what it should be about is what we want to talk about today -- the medicare fiscal cliff. >> no date to cut a day to reform entitlements by tuesday. >> if we do something right now to have long-lasting, adverse effects on economic growth, that will affect us for a long time. >> until the cliff, americans say fix the tax problem. >> it's so frustrating to see both sides so far apart. >> we should not be taxed more because they cannot work together. >> get the middle class down and figure of the rest of it come january, worst case. >> worst case?
. >>> now, to the fiscal cliff. still looming large as president obama returns to the white house this morning. the president cut short his christmas vacation in hawaii to get back to washington. congress will be in session today, amidst fading hope that a deal could be reached by the new year. no agreement would mean spending cuts and historic tax hikes for virtually every american. >>> officials in newtown have a message for people who want to send gifts to the grief-stricken town. please don't. they say gifts have arrived in such numbers, they overwhelmed the small community's ability to process them. a fund established after the shooting to support newtown has grown to $3.5 million. >>> meanwhile, hundreds of schoolteachers plan to attend firearms training today in salt lake city. the 200 teachers come from districts across utah. they have volunteered for the concealed weapons training. organizers say in past years, only a few dozen teachers attended the training. they're expecting an overflow crowd because of this month's tragedy in newtown, connecticut. >>> west webster volu
cuts is just four days away. president obama is scheduled to meet with congressional leaders at the white house this afternoon. senate majority leader harry reid says the likelihood of reaching a deal is a long shot. but senator charles schumer told the "today" show that the odds are better than people think. if a deal were to pass, senate house speaker john boehner would have to agree to take it to the floor of the republican controlled house. danielle nottingham has more. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last- minute agreement to avoid automatic spending cuts and tax increases due to kick in on january 1st. >> probably the worst case scenario will come out of this maybe today and -- meeting today and that is we will kick the can down the road. >> reporter: senator bob corker told "cbs this m
of the largest tax increase since world war ii, president obama called congressional leaders to white house for one last desperate shot at deal. max baucus says he sees a slim down agreement starting to gel, because the pressure on all sides is
house. president obama called congressional leaders to the white house. the hope was he could hash out the framework for a possible deal. danielle nottingham joins us with the latest. okay, did they get it done, danielle? >> reporter: derek, we're just not sure what happened. all four leaders left the white house without speaking to the media. we can only assume that means this wasn't a productive meeting. top congress impressional leaders left the white house after a last-ditch fiscal k cliff meeting with president obama. the closed door meeting was an attempt to avoid the automatic tax headaches and spending cuts set to king at the start of the new year. with just three days to go republicans and democrats are still blaming each other. >> i want to thank all of you for being here to call upon the republicans not to drop the ball on the middle class. >> reporter: there was a new year's eve style rally saying the fiscal cliff ball is in the republicans court. >> it's republicans who are holding hostage the middle class in america so that the wealthy don't have to pay their fair share.
: president obama is rounding up the top four leaders in congress to meet at the white house. senate leaders harry reid and mitch mcconnell will be at that meeting scheduled for about seven hours from now. this could be their last chance to find terms they can all agree to. the president and senate got back to work yesterday. the house of representatives just got the call to return sunday night. a vote has been taken by monday or else automatic income tax increase will kick in on tuesday. republican aid say their leaders might now get on board with that. even so there is economic proof that many americans still fear going over the fiscal cliff. i'll have more on that in my next update. live in washington kyla campbell ktvu channel 2 news. >>> analysts say if the country goes over the fiscal shift it could send the economy back if into a recession. >>> secretary of state hillary clinton is expected to return to work next week. a specksman for clinton says she continues to recooperate at home. doctors say clinton contracted a stomach virus earlier this month and became dehydrated and fainted.
was modestly optimistic about a deal on taxes. speaking in the white house briefing room, president obama condemned congress for failing to resolve its differences in in normal way. he held firm to middle-class tax cuts to families making $250,000 per year. joining me now from the white house is nbc's kristen welker. kristen, let's take a look at what the president said about what he expects from the senate. >> i just had a good discussion from house leadership about how to prevent this on the middle class. i believe we can reach an agreement. if an agreement isn't reached in time between senator reid and sno senator mccollum, i will reach to him. i believe such a proposal could pass both houses with bipartisan majorities as long as the leaders allow it to actually come to a vote. if members of the house or the senate want to vote no, they can. but we should let everybody vote. >> kristen, this up or down vote seems to be the big news of the day. isn't this what the white house wanted all along? >> well, it is and it's president obama's way of saying, look, vote on his basic proposal, the
have breaking news from the white house where president obama is talking about the fiscal cliff after a meeting with congressional leaders. let's listen in. >> also ask lobbyist americans to pay a little more. above all, protect our middle class and everyone who is striving to get into the middle class. i want to still get this down. the right thing to do for our families, our businesses, and for our entire economy. but, the hour for immediate action is here. it's now. we're now at the point where, in just four days, every american's tax rates are scheduled to go up by law every american's paycheck will get considerably smaller. and that would be the wrong thing to do. for the economy, would be -- it would be bad for middle-class families and for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class. and i am optimistic we may still be able to reach an agreement that can
to the white house. >> opera had tried to ignore the ominous change in tone coming from the obama transition team as barack obama is it not gration drew near oprah's calls to michelle went and returned. instead oprah heard from max devlin that newly appointed white house ceremonies coordinator who told oprah that she needed to talk to him first about the interview. once more he said overhead to run her interview questions past stevens, a deputy speechwriter from prior approval. it was a pain as far as oprah was concerned and a high-ranking executive at harpo studios ,-com,-com ma oprah isn't a snob but doesn't like to put up with it. >> as a result of her role during the democratic primary, which played a pivotal, pivotal role in helping obama get the nomination and wresting it away from hillary clinton, that she was going to be an important adviser to barack obama and in fact after he was elected president, oprah and obama spoke of some great length about using her to advise him on his communication strategy, especially in terms of television, which he of course knows a lot about. when mich
in front of >>> talks to avoid the fiscal cliff are moving into the oval office at the white house today, no sign that president obama and congressional leaders are closer to a deal. katie marzullo is live in the newsroom with a look at what missing the deadline could mean. >> reporter: the deadline is monday. just the prospect of missing it is causing problems for the economy. president obama has invited senate and house leaders to the white house this afternoon for last ditch negotiation. the house is holding an unusual session sunday. technical little, there's still time to strike a deal, but what if they don't? comedies 31st, more than 500 billion dollars in -- in tax increases and more than 100 billion dollars in government spending cuts are set to take effect. what happens january 1st, is less than certain. if congress and the president miss the deadline investors could panic sending the shakey stock market into a downward spiral. businesses and consumers could lose confidence and cutback on spending. a recession would not be immediate as long as all parties are working on a deal t
than $100 billion in required spending cuts would also kick in if there's no deal. at the white house, major garrett says the obama administration is getting ready for those across the board cuts. major, what exactly is the white house doing to prepare? >> reporter: good morning, norah and anthony. the obama administration is in the final stages of delivering layoff notices it will deliver to federal agencies across the government, this to comply with across the board spending cuts 6% to 7% that are required in the so-called fiscal cliff. agencies will decide which employees to lay off and when. as part of these preparations, the administration also has notices it will soon deliver to delay or cancel federal government contracts. as for negotiations themselves it is a bit of a team effort here at the white house. president obama is dealing directly and spoke frequently sunday with the senate majority leader harry reid while vice president joe biden spoke frequently sunday with republican leader in the senate mitch mcconnell. mcconnell and biden get along much
that, they ran higher with whites in 2010. they concluded the wrong thing, but barack obama was not on the ballot in 2010. >> unexplored story of the year -- white men dropping out -- dropping out of the work force, dropping out of elections, just plain dropping out, getting social security, not doing anything, going hunting, fishing, just not in the game. >> i remember earlier in the year, you said the wild card was angry white men. what happened to them? >> that is what i'm talking about. they dropped out. as a percentage of the work force, they are dropping down, more and more of benefits, more and more not voting, just dropping down. >> i think the angry white men thing is a myth created in -41 republicans swept into the house because liberals could not imagine that the perfect order of nature had been overturned. it had to be explained by angry white men. i looked at the polls that year and there was nothing in that would support that. i do think the real story of the year that the future will look at is the inevitable increase in debt, and nobody is serious about doing
at the white house today, no sign that president obama and congressional leaders are closer to a deal. katie marzullo is live in the newsroom with a look at what missing the deadline could mean. >> reporter: the deadline is monday. just the prospect of missing it is causing problems for the economy. president obama has invited senate and house leaders to the white house this afternoon for last ditch negotiation. the house is holding an unusual session sunday. technical little, there's still time to strike a deal, but what if they don't? comedies 31st, more than 500 billion dollars in -- in tax increases and more than 100 billion dollars in government spending cuts are set to take effect. what happens january 1st, is less than certain. if congress and the president miss the deadline investors could panic sending the shakey stock market into a downward spiral. businesses and consumers could lose confidence and cutback on spending. a recession would not be immediate as long as all parties are working on a deal taxes and cuts could be kept at bay for a few weeks and repealed retroactively. if th
. president obama needing with congressional leaders at the white house ended a short time ago and the president is reportedly giving no new offer on the fiscal cliff. the house minority leader said the meeting moved negotiations forward. so where do we actually stand on all of this? fox business's rich edson is at the white house with more and did they really move this forward and is that a good sign? what do they mean? >> well, adam, they're still assessing the fallout from this meeting, democrats and republicans. leadership returned to the hill right now and basically what we've got from the start of this meeting according to a senior administration official president obama began by offering essentially what he laid out in a speech a week ago which is to keep taxes where they are for families earning less than $250,000 a year and to extend long-term unemployment insurance benefits that is basically just a small slice of what the president had been proposing for quite some time. the administration official also says that the president is putting it on republicans to come up w
for the white house. president obama ran unopposed for his party's nomination and seems like -- seemed like a shoe-in for reelection. >> don't boa, vote. >> but a sluggish economy, high employment made the 44th president vulnerable. >> the president's policies have clearly not been successful and reigniting this economy and putting people back to work. >> reporter: earning his party's nomination was not as easy for mitt romney. a ballot glitch was discovered and he had to share the win are rick santorum. he eventually became the republican nominee and emerged from the battle bruised. >> moderate in 1996 and we lost. we tried running immoderate in 2008 and we lost. i don't see how a massachusetts liberal is going to do better. >> he is the worst republican in the country to put up against barack obama. >> romney's campaign saw several ups and downs but appearing confident and in command during their first debate romney threw president obama off his game with the president delivering a surprisingly shaky performance. >> the first debate sets the tone and can have the most impact but look, th
. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the first time president obama has met face to face with congressional leaders since mid-november. duarte, tick tock. >> thank you. >>> general schwarzkopf is being remembered this morning
. these are your headlines from around the world. >> president obama calls congressional leaders to the white house today in what could be the last chance to come talk before the u.s. falls off the fiscal cliff next week. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes an
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